Kuke Music (NYSE:KUKE) Shares Down 4.2% – Time to Sell?

Shares of Kuke Music Holding Limited (NYSE:KUKE) dropped 4.2% during mid-day trading on Friday . The stock traded as low as $4.26 and last traded at $4.32. Approximately 7,421 shares changed hands during trading, a decline of 91% from the average daily volume of 81,488 shares. The stock had previously closed at $4.51.

Kuke Music Trading Down 4.2 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.48 and a quick ratio of 0.47. The stock’s 50-day simple moving average is $3.19 and its 200 day simple moving average is $3.82.

Institutional Investors Weigh In On Kuke Music

A hedge fund recently bought a new stake in Kuke Music stock. Citadel Advisors LLC bought a new stake in Kuke Music Holding Limited (NYSE:KUKE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 93,819 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.30% of Kuke Music as of its most recent filing with the Securities and Exchange Commission (SEC). 0.02% of the stock is owned by hedge funds and other institutional investors.

About Kuke Music

Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education services in China. It operates through two segments: Subscription, Licensing and Smart Education Business; and Music Events and Performances Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.